Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-10-13
ZONE AFFAIRS.
ANOTHER BANK CASHIER SKIPS
TIE COUNTRY.
California Hops-SulIivan and Kiilen
"A Rising Songstress-Inque
on the kout Victims.
l,FzuAL DISPATCHES TO THE REooaD-usIos.l
MEN OF MONEY.
What Is Being Done by the Assem-
bled Bankers at Pfttsburg

What is Being Done by the Assem-
bled Bankers at Pittsburg.
tcopyTight, 1857. By the California Associated Ir,.s
PITTSBURGH, October I2th.-fSpeciaI.
The Sixteenth Annual Convention of the
American Bankers Association met in this
city today. Ex-Controller Knox will de-
liver an address on the surplus and public
debt The entertainment of visitors in
cludes steamboat excursion and railway
excursion through the oil and gas regions
Capital to the extent of $500 600 600 is rep
resented.
In the afternoon Hon. Beriah Wilkins,
OF Ohio, delivered an address on How to
Avoid an Accumulation of Surplus in the
Future"
VIM. P. ST. John, President of the Mer-
camille National Bank of New York, fol-
lowed in deeply technical paper on.
" Possible Emergencies in the Money
Markets"
IL. n. Kingman, of Chicago, read a
paper, and was followed by Colonel
Exal'. of Texas, who addressed the Con-
ven On on the progress and growth of the
South and West.
A resolution was then adopted referring
to the immunity enjoyed by the class of
criminals known as dsfaulters and en-
oezzlers by flight to Canada, and request
ing the Executive Committee to appoint
committee to represent to the State De-
partment the great evil now existing, and
urge an early amendment of the treaties
with Great Britain so that the evil NAV be
abated.
BANKING IN CALIFORNIA.
A long and able paper on 1.-THE Progress
OF Banking in California" by BENJAMIN C.
Wright, of San Francisco, was presented 10
the Convention, of which the following is
the opening:
Mr.. President aud Gentlemen of the C,nrcniion
Eastern eyes are turned toward California MS
tney nave not been turned since the davs of The
argonauts: Eastern ears are open to the wants
and promises of California as never before
Eastern hearts are yearning for California as in
no previous period of Its history Eastern neo
pie are coming to California in large numbers
anu Win tne.Vlew OF permanent settlement.
REASONS FOR TUE WESTWARD MARCH.
=, What has brought about this condition of
lungs me causes are various. California has
ueIlionstfateu us right to exist and to be recog
nlzed as one OF the foremost States of the Union.
II mas SHOWN that it is capable of se;fsuDport
For thIty- nine years it has held place in the
slsterhood of States. When its star wss first
added to the field of blue on the flag of the conn
try there were grave doubts as to the propriety
OF me measure those doubts have long since
yanlsned The large amount of gold 81 200
0s0, 900, added to the worlds stock 6f snecie ~
Caiitornia, has not only given her the name Of
the Golden State, but has given her a fame
among the nations of the earth which no other
State can claim The gold did much to prevent
disruption OF the United States in 1861 TO 1864,
when the Governments credit was low.
VARIETY OF CAPABILITIES
California has shown a greater wealth. in be-
soil than in her mines While mining IN this
STATE mas not been abandoned, and will not ha
ioI many years, ii at all, greater attention has
Deen pald to agriculture and with better and
more permanent results The variety of soil and
cllmate makes 1t possible to raise here every.
Lnlng tnat can be produced In any or all Of tho
STATES IN the Union. No other State has So
mucn inherent independence in all that roes 10
make up material progress. If necessary or de-
srabie, California could stand alone ns against
al other states. She has the natural resSnrnes
lor the support of millions, and has been con.
trioutlng 10 the support of millions in other
parts OF this country, Europe aud elsewhere
TOT years she has been loading and sending 10
EUROPE from 800 to 500 of the largest shins nm.
nually with her surplus wheat. She produces
more Dafley than any other State, She is good
I9l 4ovOo Uoo 10 % 900 900 pounds wool annually
she produces all kinds of fruits and nnts IN
great abundance. She leads all other States in
ralslns ana wine-makng She has the only
qu,ckslIyer mines in the country. She has the
~? redwood forest IN the go=ld She has the
heslthiest children, the bravest men. and the
iii"s' oeauuInl women on the face of the earth.